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A New Year’s Vision: Bringing More Smiles to the People

On December 31, 2024, in a significant New Year’s address, Chinese President Xi Jinping laid out an optimistic vision for the year ahead, resonating with the aspirations of the people he leads. Speaking from his office in Beijing, Xi highlighted the incredible strides made throughout 2024 in modernizing China and ensuring the wellbeing of its citizens. His message was clear: the government is committed to enhancing the quality of life and fortifying international cooperation among nations, particularly those in the Global South.

Highlights from Xi Jinping's Address

Describing 2024 as an "extraordinary year," Xi reflected on various achievements, emphasizing a commitment to creating a happier and more prosperous society in China. He mentioned that the voices of ordinary citizens regarding employment, healthcare, education, and care for the elderly remained at the forefront of his administration's agenda. Indeed, the recent government initiatives have prioritized these pressing issues.

According to the Ministry of Finance, a staggering 70% of government expenditures in 2024 were allocated to programs aimed at improving people's livelihoods. This investment translated into several impactful measures:

• - Renovations of over 50,000 aging urban communities started in 2024, benefitting millions.
• - A multimillion-dollar consumer goods exchange program was successfully launched, impacting the everyday lives of many Chinese citizens.
• - Mortgage interest rates were reduced, assisting approximately 50 million households—equivalent to about 150 million individuals.

Per capita disposable income saw a commendable increase, reaching 30,941 yuan (around $4,178), which marks a 5.2% rise from the previous year. Recognizing the demographic challenges posed by an aging population, the government also allocated 300 million yuan to support nutrition programs for the elderly, alongside initiatives that established 358,000 home care beds.

"Of all our responsibilities, the most vital is ensuring our people live happily," stated Xi Jinping.

Global Responsibility and Cooperation

In a geopolitical landscape marked by transformation and uncertainty, President Xi asserted China's role as a responsible major power. He acknowledged the significance of promoting reforms in global governance and enhancing solid relationships with countries from the Global South. Through high-level openness and mutually beneficial cooperation, China aims to create extensive opportunities for its allies in their modernization efforts.

Throughout the year, China's trade partnerships expanded, introducing a plethora of new economic opportunities with over 150 countries and regions. Notably, citizens from 54 nations were granted transit visa exemptions for up to 240 hours in China, facilitating greater international exchange.

During 2024, China actively engaged with its Southern partners, presenting eight collaborative measures aimed at enhancing global cooperation. This encompassed areas such as youth exchanges, agricultural cooperation, and digital economy development. Furthermore, China established five distinct cooperation frameworks with Arab states, focusing on innovation, finance, energy, and cultural exchanges.

In a firm commitment to support Africa’s modernization, Xi also announced the initiative to foster deeper ties with African nations, which included ten partnership actions set to unfold over the next three years during the Beijing Summit of the China-Africa Cooperation Forum.

Towards Peaceful Solutions Amid Geopolitical Tension

As the world navigates rising geopolitical tensions, China’s advocacy for peaceful dialogue and consensus-building was particularly noteworthy in 2024. From the groundbreaking resolution to halt hostilities in Gaza to the establishment of the group "Friends for Peace" addressing the Ukraine crisis, China demonstrated its dedication to diplomacy.

"China will work alongside all nations to promote friendship, cultural understanding, and jointly create a future where humanity thrives together," pledged Xi.

In summary, as we step into 2025, China's ambition to bring more smiles to its people lays the foundation for a hopeful future. Xi Jinping’s New Year address not only reflects a comprehensive vision for improving domestic conditions but also signifies an unwavering commitment to fostering peaceful global relationships and cooperation.

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